Web3 is the term used to describe the next phase of the internet, which is expected to be more decentralized, participatory, and transparent than the current web.

Web3 aims to give users more control over their data, identity, and digital assets, as well as enable new forms of online interactions and communities.

Blockchain is the technology that powers web3, by providing a distributed ledger that records transactions and data in a secure and verifiable way.

Blockchain enables peer-to-peer payments, smart contracts, digital tokens, and decentralized applications (DApps) that run on web3. Blockchain and crypto are the building blocks of web3, but they are not the only technologies involved.

Web3 also relies on other technologies such as artificial intelligence, big data, machine learning, internet of things, augmented reality, virtual reality, and more.

These technologies enhance the capabilities and user experience of web3, by allowing for more sophisticated data analysis, immersive digital environments, and novel forms of value creation and exchange.